Looking to diversify beyond SGGDX? The mutual funds below have historically moved differently from SGGDX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SGGDX
5 mutual funds have low correlation with SGGDX (below 0.3), 0 of which are negatively correlated. The least correlated is First Eagle High Yield Municipal Fund Class A (FEHAX) (High Yield Muni) with a 1Y correlation of 0.22, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Eagle High Yield Municipal Fund Class A | 0.22 | 0.17 | 0.22 | 64 | High Yield Muni | SGGDX vs FEHAX | |
| First Eagle High Income Fund | 0.26 | 0.19 | 0.24 | 70 | High Yield Bonds | SGGDX vs FEHIX | |
| AQR Long-Short Equity Fund | 0.27 | 0.14 | 0.12 | 78 | Long-Short | SGGDX vs QLEIX | |
| First Eagle Short Duration High Yield Municipal Fu... | 0.28 | — | — | 73 | High Yield Muni | SGGDX vs FDUAX | |
| Franklin Income Fund Class A1 | 0.30 | 0.30 | 0.34 | 87 | Diversified Portfolio | SGGDX vs FKINX |
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